Advanced Flower Capital (AFCG) is a microcap mortgage REIT, that focuses on the cannabis industry. The company paid a $0.10 per share special dividend in 2024.
AFC Gamma will report earnings for the quarter ended Sept. 30, 2024 on Wednesday, Nov. 13, 2024.The company will host a conference call to discuss its quarterly financial results at 10:00 am Eastern Time, the same day.Ascend Wellness will hold a conference call on Nov. 12, at 8:30 am ET following the release of its third quarter 2024 financial results.
AFC Gamma, Inc. (NASDAQ: AFCG) announced on Monday that it has committed and funded $41 million to a senior secured credit facility a vertically integrated cannabis operator in Maryland.The West Palm Beach, Florida-based company's move represents its second transaction with Story of Maryland, LLC.Daniel Neville, CEO of AFC said that the company hasexceeded its 2024 goal of $100 million in new originations. He called Story MD "a great example of the Cannabis 3.0 lending opportunities."
AFC Gamma, Inc. (NASDAQ: AFCG) announced on Monday that it has closed a new senior secured credit facility for Private Company Q and expanded its existing senior secured credit facilities for BeLeaf Medical, LLC and Sunburn Cannabis. he West Palm Beach, Florida-based company also committed an additional $5.5 million under the expansion of BeLeaf Medical, LLC's facility and holds the entire $26.1 million expanded credit facility. AFC said it has committed an additional $1.8 million under the expansion of Sunburn's credit facility and holds the entire $36.5 million expanded credit facility.
In a recent webinar hosted by Pablo Zuanic from Zuanic & Associates, AFC Gamma's top executives discussed the company's strategic direction, focusing on the spin-off of its commercial real estate business, the current state of its cannabis loan book, and its competitive positioning in the industry.
Chicago Atlantic Real Estate Finance (NASDAQ: REFI) stands out in the cannabis capital providers and mortgage REIT (mREIT) sectors due to its premium valuation, impressive dividend yield, and robust growth track record.
NewLake Capital Partners (OTCQX: NLCP) has emerged as a compelling player in the cannabis REIT sector, boasting an 8.6% dividend yield - above Innovative Industrial Properties Inc (NYSE: IIPR)'s 7.01% but below
The graph depicts the stock price performance of baskets of stocks in six different cannabis industry subsectors. Each basket consists of the top four or five U.S. companies in each group. The stocks in each basket are equally weighted, and the basket prices are indexed so that August 25, 2023 (the Friday before the HHS announcement) equals 100.
